A Krugersdorp man has appeared in court for fraud.
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- A 25-year-old man has appeared in the Palm Ridge Specialised Commercial Crimes Court.
- He faces 419 allegations of fraud and money laundering.
- A second person in the case has already been sentenced to two years’ imprisonment.
A 25-year-old man has appeared in the Palm Ridge Specialised Commercial Crimes Court in Gauteng for allegedly running a financial service scam.
He faces 419 allegations of fraud and money laundering, said Hawks spokesperson Captain Ndivhuwo Mulamu.
The case dates back to 2015.
“It is alleged that in August 2015, the accused Athule Masimini, 25, and his accomplice, Sikelela Trevor Masiso, 30, sent spam messages to vulnerable community members for loan approvals from a fictitious financial service provider, Bruma,” said Mulamu.
Masiso was arrested at his home in Swaneville, Krugersdorp, in February 2019. He was tried and sentenced to two years’ direct imprisonment on two counts of money laundering in February 2020.
The accused allegedly demanded R55 000 in legal and administration fees in order for a R500 000 loan to be processed, Mulamu said.
Months later, after not receiving the alleged loans, the complainants reported…